Welcome back to work! Here is a recap of industry news from the last two weeks (yes, two weeks…you can stalk my Insta to know why I didn’t post last week!). Sources can be found in the hyperlinked text after the headline.
Brands and Retailers
- BJ’s Wholesale files for IPO. The Wall Street Journal
- Urban Outfitters launches third-party marketplace and tests self-checkout in stores. Marketing Dive
- Target’s first quarter store traffic highest in a decade. AdAge
- Netflix tops Disney market value as top media stock. AdAge
- Facebook, Google face first GDPR complaints over “forced consent.” TechCrunch
- Amazon made the top 10 of the Fortune 500 for the first time ever. Quartz
- Best Buy expands Geek Squad services with roll out of Total Tech Support. Star Tribune
- Ralph Lauren shares surge on designer’s vote of confidence in CEO. Bloomberg
- Amazon’s map-tracking package locator now offered to all US shoppers. CNet
- Gap leans on heavy discounts to clear store inventory. The Wall Street Journal
- Nordstrom wants brands to embrace the size spectrum. Glossy
- Matches Fashion saw sales climb a whopping 44% last year. Fashionista
- Urban Outfitters sees profits triple in first quarter. Seeking Alpha
- Poshmark has officially distributed $1B to its sellers. Fashionista
- Walmart quietly launches JetBlack, a personal shopping service for affluent city moms. Recode
- With three new brands, Target takes aim at Generation Z. Business of Fashion
- Target cuts delivery fees by almost half, putting pressure on Walmart and Amazon. USA Today
- The Real Real’s radical vision of secondhand luxury. New Yorker
- How Ulta is winning in the age of Amazon. Quartz
- Next time you buy a TV at Best Buy, you may also be offered health care. CNBC
- How OPI is hacking Amazon and data algorithms to improve its online site. Glossy
Marketing and Social Media
- Why it’s primetime for Instagram Stories. AdWeek
- Paypal starts deeper integration with Google; users can now pay directly in Gmail, Youtube. TechCrunch
- Snapchat launches first lens that responds to sound. Engadget
- A leaked look at Facebook’s influencer marketing search engine. TechCrunch
- Ikea’s witty social posts about the Royal Wedding. AdAge
- Instagram adds options to mute posts in your feed. VentureBeat
- How Lego infuses social media marketing with play. CMO
- L’Oreal films Chinese influencer marketing videos at Cannes. SCMP
- Ulta partners with Like to Know It. Glossy
- Publicis Groupe reveals much anticipated AI platform. The Drum
- New Balance launches shoppable AR in Snapchat. MediaPost
- How Vans became the brand that can do no wrong. High Snobiety
- Victoria’s Secret has a plan to upgrade its image for younger women. CNBC
- Facebook Stories sees 150M users per day and will soon launch ads. TechCrunch
- YouTube Music subscription service to relaunch this week. Seeking Alpha
- Amazon Prime members now get 10% off at Whole Foods. Fast Company
- Twitter looking to expand its programatic offerings with Timeline Ad Network pilot program. MarketingLand
Startup + Emerging Tech + Acquisitions
- Dog-sitting start-up, Rover, raises $155M. TechCrunch
- PayPal acquires European payments start-up iZettle for $2.2B. The New York Times
- Kroger buys meal-kit start up Home Chef. The Wall Street Journal
- Why Nike’s AR experiment with Facebook Messenger was a hit. MarTech Today
- Your favorite stores could be tracking you with facial recognition. Racked
- Why Nordstrom is betting on high-touch tech in stores. Fortune
- Adobe buys Magento for $1.7B. Bloomberg
- Target rolling out AR tools in stores to stay competitive in beauty. Glossy
- You’ll soon be able to use augmented reality to try on sneakers. Quartz
- Cult ‘fast-beauty’ brand Winky Lux raises $6M in Series A to fund experience-first retail plans. Forbes
International
- Ikea pushes into South America. Reuters
- Starbucks to open 3,000 more stores in China. CNN Money
- Amazon leads $12M investment in India-based digital insurance start-up. TechCrunch
- Amazon plans China event for global growth strategy. SmartBrief
- Meet the start-up building a market from scratch to become Africa’s Alibaba. The Wall Street Journal
- China may be about to cut import tariff on consumer goods from lipstick to food. Fortune
- Retailers’ global expansion cools as businesses get smart about opening new stores. CNBC